Take a look back.... Microsoft had HUGE PEs back in the early 80s to 90s... why buy such a stock  It is just a FAD...
Look at Google today... and what it was when it came out... but, it is just a FAD... (I still can't believe the market cap of this company.... boggles the mind)..
Can the Chinese economy continue at 8 to 10 percent growth  I don't know... but their per capita GDP and standard of living etc. is still very very small.... so maybe yes..
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